Aboitiz Equity Ventures, Inc. issued the following announcement on Aug. 18.
The country’s battle against COVID-19 wages on, and local government units nationwide are tapping any and all resources available to support their constituents. For AboitizPower generation units stationed in Davao, namely Hedcor and Therma South, Inc. (TSI), their support through the Energy Regulations 1-94 (ER 1-94) program comes at an important time.
This program is a policy under the Department of Energy (DOE) Act of 1992 and Electric Power Industry Reform Act of 2001 (EPIRA) which allows host communities to directly access funds generated from the operations of power plants in its areas. The funds are intended for local projects and activities.
Through the DOE Department Circular 2020-004-0008, the remitted funds may be fully utilized for initiatives to combat the effects of COVID-19.
About P26 million has now been remitted to the city of Davao by AboitizPower generation units Hedcor and Therma South, Inc. Earlier this year, Mayor Sara Duterte-Carpio thanked the two units and DOE for their support of this program. “This funding relief couldn’t have come at a more opportune time when resources are badly needed by local governments to battle COVID-19. We thank DOE, as well as Hedcor and Therma South of AboitizPower for making this proactive move and providing us with additional resources to help step up our anti-COVID campaign,” she said.
TSI has also generated funds for its other host communities. The generation unit along with DOE has completed its remittances of P17.5 million to Brgy. Binugao, P4 million to Brgy. Inawayan, and P9 million to the province of Davao del Sur. So far, TSI has also generated P4.6 million for the municipality of Sta. Cruz, with DOE still slated to deliver an additional P1.1 million.
Beyond Davao City, AboitizPower hydro unit Hedcor is currently in the process of completing the ER 1-94 remittances for its other host communities within the Davao region, including Brgy. Kapatagan, Brgy. Sibulan, Brgy. Darong, Brgy. Astorga, the municipality of Sta. Cruz, and the province of Davao del Sur. Hedcor is also host to areas within the Bukidnon province in Mindanao, as well as in Northern Luzon.
AboitizPower’s generation units nationwide continue to work closely with the DOE and host communities to aid constituents against the ongoing pandemic.
Original source: https://aboitiz.com/aboitizpower-fortifies-davao-communities-through-er-1-94/
